Gold Rally Gains Traction, Next Stop US$2,900?

Business TodayJan 23 01:43 ET

Hong Kong stocks Concept tracking | International gold prices hit new highs! The prices of solid gold jewelry are rising as well. Institutions: There is still room for growth in the medium to long term (with related stocks attached).

The relevant analysis indicates that the main reasons for the rise in Gold include the decrease in USA CPI data, the increase in M2 MMF supply, the uncertainty of Trump's policies, expectations for interest rate cuts by the Federal Reserve, technical support, and Global economic uncertainty.

Zhitong FinanceJan 22 18:30 ET

Citigroup: Maintain Zijin Mining Group 'Buy' rating, Target Price 21.9 Hong Kong dollars.

Citi released a research report stating that it maintains the "Buy" rating for Zijin Mining Group (02899) and expects Zijin to lower its guidance for copper production this year, as Congo’s Kamoa has also reduced its production guidance for this year, with a Target Price of HKD 21.9. The bank anticipates that the lithium production guidance will decline due to sluggish lithium prices, aligning with market consensus. The bank estimates that the company's gold and copper production will increase year-on-year by 16.4% and 7.5%, respectively. The report indicates that Zijin Mining Group announced its preliminary performance for last year, with Net income rising by 51.5% year-on-year to RMB 32 billion, slightly below the bank's expectations. The Net income from recurring Business increased by 45.3% year-on-year to RMB 31.4 billion.

Sina Hong Kong StocksJan 22 04:49 ET

Morgan Stanley: Maintains "Shareholding" rating for Zijin Mining Group with a Target Price of 22.9 Hong Kong dollars.

Morgan Stanley released a research report stating that Zijin Mining Group (02899) has been given a "Shareholding" rating with a Target Price set at 22.9 Hong Kong dollars. The report mentioned that Zijin expects a 16% year-on-year increase in Gold production in 2025, and a 7.5% year-on-year increase in Copper production. Compared to the company's previous Copper production target, the new guidance reflects a decline of 5.7%. The report states that Zijin Mining's preliminary Net income for the 2024 fiscal year is approximately 32 billion yuan, which is 51.5% higher than the bank's forecast. Excluding one-time expenses, the core Net income is 31.4 billion yuan, a year-on-year increase of 45.3%. Given that last year's Gold and Copper production basically met the bank's expectations,

Sina Hong Kong StocksJan 22 02:40 ET

[Brokerage Focus] Citigroup maintains a "Buy" rating on Zijin Mining Group (02899), expecting a quarterly decline in Net income mainly due to a decrease in fair value income and an increase in impairments on a quarterly basis.

Jinwu Financial News | Citibank's Research Reports indicate that Zijin Mining Group (02899) announced preliminary results for last year, with Net income increasing by 51.5% year-on-year to 32 billion yuan, slightly below the bank's expectations. The Net income from recurring Business increased by 45.3% year-on-year to 31.4 billion yuan, implying that the Net income for the fourth quarter rose by 54% year-on-year to 7.64 billion yuan, but fell by 18% quarter-on-quarter; the Net income from recurring Business increased by 19% year-on-year to 76.5 yuan, but fell by 8% quarter-on-quarter. The bank expects the quarter-on-quarter drop in Net income to primarily stem from a decrease in fair value gains and an increase in impairments quarter-on-quarter. The bank anticipates that Zijin will lower its copper production guidance for this year, due to the Congo.

金吾财讯Jan 21 23:17 ET

UBS Group has given Zijin Mining Group a "Buy" rating with a Target Price of 22.3 Hong Kong dollars.

UBS Group released a research report stating it gives Zijin Mining Group (02899) a "Buy" rating. Due to the downward revision of Zijin's production guidance, it is expected that investors will have a slightly negative reaction. The Target Price is set at HKD 22.3. Zijin Mining Group's net income attributable to Shareholders in the 2024 fiscal year is expected to increase by 51.5% year-on-year, which is basically in line with market and the bank's expectations. During this period, Copper production increased by 6% year-on-year, slightly below the annual forecast; Gold production increased by 8%, which is in line with the annual forecast. Zijin has revised its 2025 Copper production guidance down by 6% from 1.22 million tons to 1.15 million tons, while the Gold production guidance remains unchanged.

新浪港股Jan 21 23:12 ET

Zijin Mining Group Expects to Grow 2024 Profit by 52%

MT NewswiresJan 21 21:28 ET

Zijin Mining: Announcement on the 2024 Annual Results Advance of Zijin Mining Group Co., Ltd.

SZSIJan 21 11:00 ET · Announcements

Zijin Mining Group Co., Ltd. 2024 Annual Results Advance Announcement

SZSIJan 21 11:00 ET · Announcements

The net profit in 2024 is expected to reach 32 billion yuan, with Zijin Mining Group achieving its best performance since listing. Production expectations for 2025 are anticipated to decline slightly | Interpretations

① Zijin Mining Group's net profit is expected to increase by more than 50% in 2024, achieving the best annual performance since its listing; ② The company's recently announced production plan for 2025 has substantially reduced growth expectations compared to previous forecasts.

cls.cnJan 21 10:20 ET

Hong Kong stock announcement to explore opportunities | Cssc Offshore & Marine Engineering expects its net income attributable to the parent for the fiscal year 2024 to increase by 628.14% to 732.16% year-on-year.

Zijin Mining Group (02899) issued a profit warning, expecting an annual net income of about 32 billion yuan, an increase of approximately 51.5% year-on-year; ZHENRO PPT (06158) controlling shareholder Ou Zongrong has been subjected to compulsory measures due to suspected criminal activities.

Zhitong FinanceJan 21 10:01 ET

ZIJIN MINING: Announcement on Estimated Increase in Operating Results for the Year Ended 31 December 2024

HKEXJan 21 06:52 ET · Announcements

Express News | Zijin Mining Sees 2024 Net Profit up 51.5% Y/Y at 32 Bln Yuan

ReutersJan 21 04:56 ET

Bullish Sentiment Intact For COMEX Gold

Business TodayJan 21 01:09 ET

DWS: The likelihood of a continued strong rise in the U.S. stock market in 2025 is low, and Gold is expected to fluctuate within a narrow range.

DWS, a German Asset Management company, has released its market outlook for January 2025.

Zhitong FinanceJan 21 01:02 ET

There's Been No Shortage Of Growth Recently For Zijin Mining Group's (HKG:2899) Returns On Capital

Simply Wall StJan 21 00:28 ET

Xanadu Mines to Discuss Investment Decision Considerations With JV Partner for Mongolia Copper-Gold Project

MT NewswiresJan 20 21:18 ET

Express News | China's Zijin Mining Group Has Restarted Gold Production at Its Buritica Project in Colombia -Company Source

ReutersJan 20 10:09 ET

Morgan Stanley: Maintains Zijin Mining Group 'Shareholding' rating, Target Price 20 Hong Kong dollars.

JPMorgan published a research report stating that Zijin Mining Group (02899) officially announced last week the acquisition of 0.392 billion shares of Zangge Mining (000408.SZ), corresponding to a stake of 24.82%, with a total transaction value of 13.729 billion yuan. The bank noted that acquiring high-quality Assets will provide additional growth momentum for Zijin Mining Group, while complementing the bank's bullish expectation on Copper and gold prices, reaffirming Zijin Mining Group as the bank's preferred stock, maintaining a 'Shareholding' rating and a Target Price of 20 HKD. The report indicated that Zijin Mining Group's acquisition price reflects a PE of 21 times for Zangge Mining in 2025.

Sina Hong Kong Stock.Jan 20 05:23 ET

Goldman Sachs released a tariff forecast: the possibility of the USA imposing a 10% tariff on Copper in Q1 is about 50%.

① Wall Street traders are preparing to analyze Trump's inauguration speech word by word, to determine the impact of his policies on the market; ② Goldman Sachs stated the likelihood of a 10% tariff on Copper by the USA in Q1 is 50%, which is basically consistent with Goldman Sachs' own forecast; ③ The oil market believes the likelihood of Trump imposing tariffs on oil is close to 40%, higher than Goldman Sachs' expected 15%; additionally, Goldman Sachs said the likelihood of tariffs on Gold is only 10%.

cls.cnJan 20 03:55 ET